0001140361-17-019748.txt : 20170511
0001140361-17-019748.hdr.sgml : 20170511
20170511161054
ACCESSION NUMBER: 0001140361-17-019748
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170510
FILED AS OF DATE: 20170511
DATE AS OF CHANGE: 20170511
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PS BUSINESS PARKS INC/CA
CENTRAL INDEX KEY: 0000866368
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 954300881
STATE OF INCORPORATION: CA
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 701 WESTERN AVE
CITY: GLENDALE
STATE: CA
ZIP: 91201
BUSINESS PHONE: (818) 244-8080
MAIL ADDRESS:
STREET 1: 701 WESTERN AVE
CITY: GLENDALE
STATE: CA
ZIP: 91201
FORMER COMPANY:
FORMER CONFORMED NAME: PUBLIC STORAGE PROPERTIES XI INC
DATE OF NAME CHANGE: 19930328
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: KROPP JAMES H
CENTRAL INDEX KEY: 0001227451
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-10709
FILM NUMBER: 17834391
MAIL ADDRESS:
STREET 1: 701 WESTERN AVENUE
CITY: GLENDALE
STATE: CA
ZIP: 91201
4
1
doc1.xml
FORM 4
X0306
4
2017-05-10
0
0000866368
PS BUSINESS PARKS INC/CA
PSB
0001227451
KROPP JAMES H
C/O PS BUSINESS PARKS, INC.
701 WESTERN AVENUE
GLENDALE
CA
91201
1
0
0
0
Common Stock
2017-05-10
4
M
0
2068
55.89
A
10902
D
Common Stock
2017-05-10
4
S
0
1768
124.2338
D
9134
D
Common Stock
4491
I
by IRA
Stock Option (right to buy)
55.89
2017-05-10
4
M
0
2068
0
D
2009-05-05
2018-05-05
Common Stock
2068
0
D
On December 15, 2014, PSB declared a special dividend, payable on December 30, 2014. As a result, pursuant to anti dilution provisions of PSB's 2003 Stock Option and Incentive Plan, an option for 2,000 shares of common stock held by the reporting person on December 30, 2014 became exercisable for an additional 68 shares of common stock.
Represents weighted average sale price. These shares were sold at prices ranging between $124.2314 and $124.2457. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer.
By a custodian of an IRA for benefit of the reporting person.
Stock Option granted pursuant to the 2003 Stock Option and Incentive Plan. The Option vested in five (5) equal annual installments beginning one (1) year from date of grant.
This option was previously reported as an option for 2,000 shares of common stock at an exercise price of $57.79, but was adjusted to reflect the special dividend declared by PSB on December 15, 2014.
/s/ Lily Yan Hughes, Attorney-in-Fact
2017-05-11